Fresnillo plc (LON:FRES) Given Average Recommendation of “Hold” by Analysts

Shares of Fresnillo plc (LON:FRES) have received a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 3,490.

Several research firms have commented on FRES. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 2,700 price target on shares of Fresnillo in a report on Tuesday, August 4th. JPMorgan Chase & Co. lowered Fresnillo to an “overweight” rating and reduced their price objective for the company from GBX 5,400 to GBX 4,700 in a research note on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 3,200 price objective on shares of Fresnillo in a report on Friday, August 7th. Finally, Berenberg Bank lowered their target price on Fresnillo from GBX 3,300 to GBX 2,900 and set a “hold” rating on the stock in a research note on Wednesday, August 5th.

Fresnillo Price Performance

LON:FRES opened at GBX 3,170 on Friday. The company has a debt-to-equity ratio of 16.67, a current ratio of 6.35 and a quick ratio of 3.28. The company’s fifty day moving average price is GBX 2,781.10 and its 200-day moving average price is GBX 3,226.13. Fresnillo has a 1-year low of GBX 1,753 and a 1-year high of GBX 4,472. The firm has a market capitalization of £23.36 billion, a P/E ratio of 16.88, a PEG ratio of -1.58 and a beta of 0.70.

Fresnillo Company Profile

Fresnillo plc is the world’s largest silver producer and Mexico’s largest gold producer, listed on the London and Mexican stock exchanges.
The Group seeks to create value for stakeholders across precious metal cycles, focusing on high-potential silver and gold projects that can be developed into low cost, world-class mines.
Following a decade of consistent and successful progress, the Group is now focused on consolidating its growth and advancing its pipeline in order to deliver further growth in the years ahead.